youtor.org
Is Buying Gold Still Worth It in 2024
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=ucLsNWwXa9o
Why Gold Prices Fell After Budget 2024 • Increased Import Duty: The government hiked the import duty on gold in the Union Budget. This makes gold imports more expensive, reducing demand and putting downward pressure on prices. • Focus on Capital Expenditure: The budget emphasized capital expenditure, which can boost economic growth. A growing economy often leads to increased investor confidence in other asset classes, like stocks, diverting attention from gold. • Strengthening Rupee: A stronger rupee against the US dollar can also contribute to lower gold prices. Gold is priced in dollars, so a stronger rupee means buyers need fewer rupees to purchase the same amount of gold. • Profit Booking: After a period of price increases, investors might take profits, leading to a temporary decline in gold prices. • Want to know more about the impact of the budget on gold prices? • Watch the full video! • #goldprices #budget2024 #economy #investing #gold #goldpricetoday #goldpriceupdate #himanichaudharyfinance #shortvideo #ytshort #budget2024summary #goldupdate
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